Water soluble fertilizers (WSF) are more value and less volume products. Globally, the market of water soluble fertilizers has viewed striking growth due to increasing demand in horticulture for such fertilizers. WSF is homogeneous in nature and contains all the important nutrients required by the plants for healthy growth. The scarcity of water for agriculture purpose has forced people to adopt spray technique and as a result an inclination towards using WSF can be seen up-surged across the globe. In addition to that, being soluble in nature, the use of WSF is advised over other fertilizers for modern irrigation techniques.

In 2015, the global water soluble fertilizers market reached at USD 11,590 Million and is predicted to expand at a CAGR of 5.7% during 2016-2021.

Market size and Forecast

By 2018 at 41.02%, Europe is expected to have the biggest market share followed by North America.

Further, in North America, U.S leads the water soluble fertilizers market at present and is expected to maintain its position in next five years down the line.

In Europe, Germany, Italy, France, Spanish and U.K. are the biggest market for water soluble fertilizers at present.

On the back of better GDP figures, promising economic growth and realistic government policies would allow Asia to experience the highest CAGR in next five years. Asia water soluble fertilizers market comprises of major market such as India, China, Thailand, and Japan.

Market Segmentation

By Types

Nitrogenous,

Micronutrients

Potassic

Phosphatic

By Application

Fertigation

Foliar

Drip

By Geography

North America

Latin America

Western Europe

Eastern Europe

Asia Pacific

Rest Of The World

By Grades

19:19:19

0:0:50

13:0:45

28:28:28

18:18:18

13:40:13

12:61:0

Water soluble calcium nitrate

Urea phosphate

By Crop

Ornamental crop

Field crops

Horticulture crops

Others

Growth Drivers and Challenges

Factors like increased WSF availability, new products offering, advent of micro irrigation and ease of application are expected to drive the global water soluble fertilizers market in near future.

However, high cost and less adoption of spray technology are believed to be the biggest restraints for the global water soluble fertilizers market.